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>> china i think is very important thing to mentionment because in the last two years china has become the second largest economy in the world, not the third. and one thing interesting, we sent three astronauts into outer space, docked with another module that is what a country does when it really wants to be a big superpower in the future. so 50 years from now it's not impossible that china could be at least an equal or the dominant superpower in the world, if it is either of those things americans will wonder what happened. because the idea of our being number one is so woven into our conception of ourselves. >> let's not forget this is only the second time in their long island history that the people of great britain celebrated the diamond jubilee of a monarch. this is the year the pope tweeted for the first time. >> woodruff: surely something that will go down in history. >> in some way was didn't happen, at the end of the year, standard & poor's upgraded greeces bond rating, europe found a way to muddle through. and the world didn't end on december 21st. >> woodruff: compactedly.
>> china i think is very important thing to mentionment because in the last two years china has become the second largest economy in the world, not the third. and one thing interesting, we sent three astronauts into outer space, docked with another module that is what a country does when it really wants to be a big superpower in the future. so 50 years from now it's not impossible that china could be at least an equal or the dominant superpower in the world, if it is either of those...
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Dec 31, 2012
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now this point to be china and india. i think as you see things zealand head higher there that will improve global sentiment. gerri: you have an outlook on what investors should do. talk about changing asset allocation, redefining what constitutes safety. >> the first thing is we would use this complacency we are experiencing in the optimism to take profits for risk assets. we think one should be about 20% in cash. and we would redefine, we believe because of the bubble in bonds that safe investments. but other things that are traditionally considered to be safe like utility stocks and reit, things that are really dependent upon the cost of long-term money, we think durable. gerri: volatility can be your friend. >> because down or volatility can create buying a virginities if you are positioned for a. buy things lower. buy low and sell high. gerri: that is always the case. to you as you lookkat this market going forward. we just showed these numbers. up 13% on nasdaq at 17. what is interesting about this is that i don't b
now this point to be china and india. i think as you see things zealand head higher there that will improve global sentiment. gerri: you have an outlook on what investors should do. talk about changing asset allocation, redefining what constitutes safety. >> the first thing is we would use this complacency we are experiencing in the optimism to take profits for risk assets. we think one should be about 20% in cash. and we would redefine, we believe because of the bubble in bonds that safe...
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Dec 31, 2012
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china has sent a consul to the region. a former australian fast bowler will be inducted into the hall of fame during his country's third test against she lenca this week. heals the highest number for test wickets, 563. the first tennis' grand slammer of the year is almost upon us. australia open of starts in the fortnight. she is currently in china in preparations for the millburn and then. last time, she is beaten in a third round. she needs to improve to win back a place in the top 10. >> we're trying to get ready in two weeks. we are just not ready for the matches. the australian open is where i had my most difficulties and i'm trying this year for better preparation to be more ready. i will try my best. >> as much of the world celebrate new year's eve, alex burton is celebrating his birthday. his office of member wish to united manager the best. >> happy birthday. congratulations. happy new year to him and his family. >> now to a good comeback story -- sweden [indiscernible] 1 hydro when a torn achilles' tendon ruin he
china has sent a consul to the region. a former australian fast bowler will be inducted into the hall of fame during his country's third test against she lenca this week. heals the highest number for test wickets, 563. the first tennis' grand slammer of the year is almost upon us. australia open of starts in the fortnight. she is currently in china in preparations for the millburn and then. last time, she is beaten in a third round. she needs to improve to win back a place in the top 10....
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>> china i think is very important thing to mentionment because in the last two years china has become the second largest economy in the world not the third. and one thing interesting we sent three astronauts into outer space, docked with another module that is what a country does when it really wants to be a big superpower in the future. so 50 years from now it's not impossible that china could be at least an equal or the dominant superpower in the world, if it is either of those things americans will wonder what happened. because the idea of our being number one is so woven into our conception of ourselves. >> let's not forget this is only the second time in their long island history that the people of great britain celebrated the diamond jubilee of a monarch. this is the year the pope tweeted for the first time. >> woodruff: surely something that will go down in history. >> in some way was didn't happen, at the end of the year standard & poor's upgraded greeces bond rating europe found a way to muddle through. and the world didn't end on december 21st. >> woodruff: compactedly. whic
>> china i think is very important thing to mentionment because in the last two years china has become the second largest economy in the world not the third. and one thing interesting we sent three astronauts into outer space, docked with another module that is what a country does when it really wants to be a big superpower in the future. so 50 years from now it's not impossible that china could be at least an equal or the dominant superpower in the world, if it is either of those things...
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Jan 1, 2013
01/13
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we're helping china explore. -- china is now exploring. we're helping china explore. it think i will cycle down to the topic of renewable. renewables are critically important. everything you hear me say fit into an all of the above energy strategy. our prediction if things go very well is that renewables could supply 30% of the world's energy plan by the middle of this century. that of the growth we have not seen anywhere in the world before now. i will stop there. >> a quick follow up on that. it sounds like a small summit. it is a low growth rate. which rain nobles in particular do you see having that sort of potential? >> double energy demand in world. they supply 30's are of it from renewables. it takes everything. yet here is part of that. there are some breakthroughs coming through. -- wind is part of that. there are some breakthroughs coming through. all of these are important. they all need additional technology applied to them. it is always interesting to see what we as a company do. our focus when it comes to the idea of why we would push renewables our focu
we're helping china explore. -- china is now exploring. we're helping china explore. it think i will cycle down to the topic of renewable. renewables are critically important. everything you hear me say fit into an all of the above energy strategy. our prediction if things go very well is that renewables could supply 30% of the world's energy plan by the middle of this century. that of the growth we have not seen anywhere in the world before now. i will stop there. >> a quick follow up on...
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you're watching msnbc, the place for politics. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> secretary of state hillary clinton remains hospitalized this evening at new york presbyterian hospital. state department spokesperson phillip ray na said that doctors found that clot sunday during a follow-up exam. secretary clinton had fainted and fallen earlier this month as a result of severe dehydration from a stomach flu. she is being treated with anti-co-ing a lantz to resolve the clot which was found in her head. with us to discuss the case, nbc news chief science and health correspondent bob bazell. good to see you, bob
you're watching msnbc, the place for politics. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks,...
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Dec 31, 2012
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FBC
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china has the ninth month abortions. when you destroy life on young side is not too far distance to go to the strait of the old site. i think some of that is happening. adam: do you think anybody will take that seriously? >> we will see what happens. >> is serious side of you. >> there is. very serious. adam: let's talk about kim kardashian. is the talk of the town. after eight months, kim is having a baby. the rapper announced it last night at a concert in atlantic city. kim's family has been tweeting their excitement. david, are you aware that the greatest contribution to mankind is a videotape. >> first of all, i didn't even know that she wasn't married. she's married to somebody else. so what married to people with whom there not. >> an artist. >> a fine example. >> right. >> have you seen that movie? i haven't. >> its online. it runs on cinemax after 2:00 a.m. >> another baby, another reality show. >> it is almost like a disease that will go away. enough of them already. >> enough of them. >> although he would lose
china has the ninth month abortions. when you destroy life on young side is not too far distance to go to the strait of the old site. i think some of that is happening. adam: do you think anybody will take that seriously? >> we will see what happens. >> is serious side of you. >> there is. very serious. adam: let's talk about kim kardashian. is the talk of the town. after eight months, kim is having a baby. the rapper announced it last night at a concert in atlantic city....
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Dec 31, 2012
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china just, is investing billions of dollars in high-speed rail. what are we doing here in this country? we should be rebuilding america. have more taxpayers and quit putting increased burden on taxpayers. >> then raise the taxes. liz: will we have a deal tonight? >> dennis, raise taxes to pay for it, please. take that position and come out and say raise taxes to pay for it. stop borrowing money to do what you said. liz: representative humans camp will we have a deal? >> no time to finish that. irs moved back withholding tables. there is still a few days. deal that raises taxes increases spending and ignores entitlement reforms i'm a no on any deals. david: no on deals from all three of you guys. wish we had better news to report but happy new year. keep it real at least for the new year. congressman huelskamp, mulvaney and kucinich. liz: thank you for your presence on the show. >> thank you. liz: while the world is watching the clock closely while we face the fiscal cliff deadline, wilbur ross says there is looming deadline that could cause the u.
china just, is investing billions of dollars in high-speed rail. what are we doing here in this country? we should be rebuilding america. have more taxpayers and quit putting increased burden on taxpayers. >> then raise the taxes. liz: will we have a deal tonight? >> dennis, raise taxes to pay for it, please. take that position and come out and say raise taxes to pay for it. stop borrowing money to do what you said. liz: representative humans camp will we have a deal? >> no...
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we want to continue to keep avenues of adoption open for children from russia, from china, from romania, etc. people may be wondering, senator, you're so bold about speaking about this, do children from america, are children from america adopted overseas? the answer is yes. not many, but under the international treaties of the rights of the child to a family, we need to be open to have american children if they can't find an adoptive home here, to be able to go to other countries. but the most important thing is to know that americans step up every day to adopt american children, both infants, teenagers, and even i've known of adoptions of children that were 22 and 23 years old. when are you ever too old to need a mother and a father? but what the action that the russian duma has taken is -- it's a travesty and it's incomprehensible that any government could would take their anger out on another another country against the children of their own country. we hope they will reconsider. we hope the people of russia will rise up and tell their government absolutely not, take your anger out i
we want to continue to keep avenues of adoption open for children from russia, from china, from romania, etc. people may be wondering, senator, you're so bold about speaking about this, do children from america, are children from america adopted overseas? the answer is yes. not many, but under the international treaties of the rights of the child to a family, we need to be open to have american children if they can't find an adoptive home here, to be able to go to other countries. but the most...
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play, on china stabilizing and growing. >> yes, and that's starbucks. starbucks a great american company. everybody needs a good cup of coffee. in china there is only one starbucks for every 1.9 inhabitants, can you believe that when we have one basically on every corner? [laughter] so there's tremendous opportunity there. you've got the tea growers in china, a lot of them are now switching to coffee because of starbucks, so that's a double play for you. liz: wait until they find out what a frappucino tastes like. >> oh, look out, china. liz: two pharma companies, what do you think are the big names here because we're all getting older, and we all need new medicine. >> we're going to be buying a lot of pfizer especially and bristol-myers. those are the two picks we have. pfizer is around 24, $25 a share, bristol-myers about 31. and they have in common a new blood-clotting drug, and everyone's very, very excited about that. bristol-myers developed it, and pfizer will be marketing it. so we hi there's huge opportunity -- we think there's huge opportunity
play, on china stabilizing and growing. >> yes, and that's starbucks. starbucks a great american company. everybody needs a good cup of coffee. in china there is only one starbucks for every 1.9 inhabitants, can you believe that when we have one basically on every corner? [laughter] so there's tremendous opportunity there. you've got the tea growers in china, a lot of them are now switching to coffee because of starbucks, so that's a double play for you. liz: wait until they find out what...
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so china is very stable. still an opportunity we look at. we do invest, in our global portfolios, we definitely have some asian exposure. there was definitely some concern in the fourth quarter. we saw some of the manufacturing and growth rates come down. still an opportunity abounds out there. ashley: what do you like in particular as far as sectors go or particular stocks looking towards next year? >> absolutely. glad you asked that. so one of the things we look at is, the quality. is a company able to operate and deliver earnings and dividends in a variety of market conditions. ashley: yes. >> and we see that a lot with the consumer, both consumer staples and consumer discretionary. one stock we really like is safeway. now it has been beaten down, i know, but it has, but this is the value. this is where to get in. so that is one of our stocks that we like. another one we also like is staples. not quite as beaten down but done very well in a variety of market conditions. you still need office supplies. no matter what. we're still going to
so china is very stable. still an opportunity we look at. we do invest, in our global portfolios, we definitely have some asian exposure. there was definitely some concern in the fourth quarter. we saw some of the manufacturing and growth rates come down. still an opportunity abounds out there. ashley: what do you like in particular as far as sectors go or particular stocks looking towards next year? >> absolutely. glad you asked that. so one of the things we look at is, the quality. is a...
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on china. we're talking already about the chinese economic slowdown, and i think this is a major moment for -- a major moment for development thinking. the idea of the authoritarian growth miracle that china has done so much to promote is really over at this point. let me give you a couple insights as to why it might be over. the first is that authoritarian groschen miracles don't last. hall asked a question of you. how many of you have heard about the togalese growth miracle? raise your hand if you have heard of that? i thought we would have more in the audience. the reason you have not heard of it is that it only allows from 1960 until 1975, when things did not go that well. the point of the example is that they don't last. they go on for a while and systems are prone to booma nd bust. -- boom and bust. we keep thinking the chinese one is going to last forever. this is going to last forever. it is going to slow down a lot more. why does that give us insight into the grove miracle? let me take
on china. we're talking already about the chinese economic slowdown, and i think this is a major moment for -- a major moment for development thinking. the idea of the authoritarian growth miracle that china has done so much to promote is really over at this point. let me give you a couple insights as to why it might be over. the first is that authoritarian groschen miracles don't last. hall asked a question of you. how many of you have heard about the togalese growth miracle? raise your hand...
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Dec 31, 2012
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you will feel the ripples go across the pacific to asia and japan and china and to all those countries and across the atlantic to europe. i was talking a few moments ago to ali rand. he's the vice president for the urpian commission and he's the economics commissioner for the yourian union. the chief if you like of economics. he said we're concerned about the u.s. going over the cliff. it's time for a partial deal, and we support the efforts of u.s. policymakers. he said it would have a negative impact, and he said if there's no deal before the year's end. europeans tonight are -- not that it makes much difference. are calling very firmly on all the parties in washington to get a deal done. >> so, richard, i don't know if washington is listening to anybody outside of washington yet, but we'll see how the day goes. there's a lot of blame directed to the united states, but you know, you look at the euro zone, and it had its own issues. it took them quite a bit of time before they could actually get their own deal, their bailout deals done. is there a backlash, do you suppose? is there a
you will feel the ripples go across the pacific to asia and japan and china and to all those countries and across the atlantic to europe. i was talking a few moments ago to ali rand. he's the vice president for the urpian commission and he's the economics commissioner for the yourian union. the chief if you like of economics. he said we're concerned about the u.s. going over the cliff. it's time for a partial deal, and we support the efforts of u.s. policymakers. he said it would have a...
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who would have guessed that china would have been a better place. guess what, so do we. or at least, a lot of people suspect we do be do do we get a deal? >> yes, we get a deal. it looks bad for everybody. 2013 will not be a good year for the president or republicans. stuart: this is varney and company. keep things short. don't we, dagen. dagen: if you are the one who dropped dead, it is your heirs who are in trouble. [ laughter ] stuart, happy new year. i am dagen mcdowell. bring in joe biden, the vice president called in to help with the negotiations. maybe we see some movement in the coming hour. a surprise in your check at the end of the week. the mess in washington leaves employers wondering how much they should with hold from your paycheck. the world, stuart was just showing you pictures of shanghai, the world already starting the celebration. the dawn of 2013. happy new year, everybody. there is a live look at shanghai, china. top of the hour. time now for stocks. >> good morning. searching for direction. not a big surprise for new year's eve. we have seen the dow
who would have guessed that china would have been a better place. guess what, so do we. or at least, a lot of people suspect we do be do do we get a deal? >> yes, we get a deal. it looks bad for everybody. 2013 will not be a good year for the president or republicans. stuart: this is varney and company. keep things short. don't we, dagen. dagen: if you are the one who dropped dead, it is your heirs who are in trouble. [ laughter ] stuart, happy new year. i am dagen mcdowell. bring in joe...
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part of annual tradition in north even china. hundreds of people gather to honor the country's national swimming day and. they don't have a problem with the cold water but the air temperature, 18 below zero. that could be a little nippy. uma: indeed a refreshing little dip there. jon: that i would not do. uma: that you would not do. jon: not in 18 below. uma: no way. defiant new move out of the iran, test firing missiles near one of the most important passageway for the world's oil supply. what this could mean next. >>> plus a shell oil drill ship stranded at sea. how it happened and what the coast guard is doing to get it safely back to port. uma: we are following some disturbing developments out of iran. the country's navy is reportedly test firing a range of weapons including torpedoes and missiles near the strategic strait of hormuz, a vital passageway for 1/5 of the world's oil supplies. joining us to the discuss the possible ramifications, aaron david miller, a former advisor to six secretaries of state and vice president o
part of annual tradition in north even china. hundreds of people gather to honor the country's national swimming day and. they don't have a problem with the cold water but the air temperature, 18 below zero. that could be a little nippy. uma: indeed a refreshing little dip there. jon: that i would not do. uma: that you would not do. jon: not in 18 below. uma: no way. defiant new move out of the iran, test firing missiles near one of the most important passageway for the world's oil supply. what...
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and it was shriver at the age of 85 who confronted the government of china in the organization's interest. and by 2007 their world summer olympic games were held in shanghai. shriver also advised the u.s. catholic bishops in drafting a letter on nuclear war issued in 1983, and he worked to influence the reagan administration to accept a no-first-strike approach to nuclear weapons. in 1993 president clinton presented him the presidential medal of freedom. this bare bones account of sargent shriver's life and achievements suggests but does not describe the spirit of a man who was a devout catholic and an inspired and inspiring father. how can we understand the spirit and motivation of such a versatile and resilient man? striving to understand sergeant shriver, i think of the inflated clown toy perhaps two-and-a-half or three feet tall favored by 2-year-olds around the world. and at the rounded bottom of the toy, there is a bag of sand so that no matter how often you push him down, he springs back upright again. it's great fun if you're 2, but sargent shriver was like that his whole life. no
and it was shriver at the age of 85 who confronted the government of china in the organization's interest. and by 2007 their world summer olympic games were held in shanghai. shriver also advised the u.s. catholic bishops in drafting a letter on nuclear war issued in 1983, and he worked to influence the reagan administration to accept a no-first-strike approach to nuclear weapons. in 1993 president clinton presented him the presidential medal of freedom. this bare bones account of sargent...
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Dec 31, 2012
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in contrast, china's shanghai composite was up more than 1.50 after a positive manufacturing report. the other major markets were closed for the new year -- new year's holiday. >>> congress and the white house have about 13 hours to find a solution to the fiscal cliff. political reporter jamie dupree joins us via skype from washington. jamie, is there any progress being made? >> reporter: there were late night and early-morning talks. the leaders spoke by telephone. the things did not work out very well between the speaker and president obama. they didn't work out too well between the senate republican leader and the senate majority leader harry reid either. reid stepped back and now mitch mcconnell, the republican leader, is negotiating director with vice president biden. some of the details referred to leaked out may be the new income threshold with taxes going up about $400,000, $450,000. there could be a number of other things. there's so many different moving parts in this. as of right now, we still don't have a final agreement. the senate is going to be in session in just a few
in contrast, china's shanghai composite was up more than 1.50 after a positive manufacturing report. the other major markets were closed for the new year -- new year's holiday. >>> congress and the white house have about 13 hours to find a solution to the fiscal cliff. political reporter jamie dupree joins us via skype from washington. jamie, is there any progress being made? >> reporter: there were late night and early-morning talks. the leaders spoke by telephone. the things...
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Dec 31, 2012
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CNBC
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china pmi rising to 51.5. and that is a result of manufacturing in china in a year and a half. the shanghai index ended the day about 1.6% higher, highest close since june 20th. it has been a nice run that we've seen also in china to our point before. it's been up 16% since its four-year low in december. >> for the year the index is up 3% right now. for those who missed it, this will be the first annual gain in, i believe, three years' time. this has not been a positive stock market, despite the economy growing 7%, 8%, 9% or so. as the chinese president said this morning, there will be policies put in place to support growth. and whatever nervousness in the transition is going to fade and policymakers can get more involved. >> we've seen this play out in the metal stakes. the best fourth quarter in two years, up 56%. iron ore prices. that's a real lead on demand. and especially as the chinese government makes all these nods toward urbanization plans and the need to update and invest in infrastructure. these are the areas where you want to be. >> yeah. also ties into what clearl
china pmi rising to 51.5. and that is a result of manufacturing in china in a year and a half. the shanghai index ended the day about 1.6% higher, highest close since june 20th. it has been a nice run that we've seen also in china to our point before. it's been up 16% since its four-year low in december. >> for the year the index is up 3% right now. for those who missed it, this will be the first annual gain in, i believe, three years' time. this has not been a positive stock market,...
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this is his chance to put that expertise into fray, egypt, seara iran, russia, china. it will be a big year for senator kerry. >> if confirmed. a lot of people think 2016. we hear about jeb bush. what about this year? >> the bush family brand was clearly damaged between 2001 and 2009. the outpouring of love for george h.w. bush in the last week shows us that that clan still has clout and a lot of impact in the u.s. whatever jeb bush does in 2016, now is the time for him to have -- he has already begun doing this, stab himself as an ideological cornerstone for his party. he can draw his party back to the reasonable center. >> do you suspect he will make the move? >> that will be hard for him especially with the wide open primary. >> let's move on to business in 2013. marisa mayer coming to yahoo! from google. >> the fact she's a woman, so very young, announced her pregnancy on the day she was announced as the new head of yahoo!. none of that matters to yahoo!. is she going to acquire apps, acquire a tech company? the fact that they released a new flicker that can compet
this is his chance to put that expertise into fray, egypt, seara iran, russia, china. it will be a big year for senator kerry. >> if confirmed. a lot of people think 2016. we hear about jeb bush. what about this year? >> the bush family brand was clearly damaged between 2001 and 2009. the outpouring of love for george h.w. bush in the last week shows us that that clan still has clout and a lot of impact in the u.s. whatever jeb bush does in 2016, now is the time for him to have --...
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healthier than europe by a long shot, and we're seeing slowing in a lot of other major economies, including china, india, brazil. is there some sense that, just like the u.s. set off all of this nonsense back in 2008, a u.s. retrenchment, as you call it, a slowdown in growth caused by the fiscal cliff, could boomerang around the world and actually push the united states further back? >> there's no question. a self-defeating, downward spiral would begin if the worst effects of the fiscal cliff come into effect, and they're not reversed. and you don't even have to wait for the full magnitude which would, as you rightly know, ali, it's not a cliff, it's a slope. it's an ever-increasing slope over several months. you don't even have to wait long. you've only got to see what would happen when the social security withholdings start increasing, the withholding tax starts to move up. then you see that boomeranging effect we talked about. >> you and i have made fun of a lot of the europeans who have not been able to get their act together. when you look at the united states, who's messing it up more? >> i
healthier than europe by a long shot, and we're seeing slowing in a lot of other major economies, including china, india, brazil. is there some sense that, just like the u.s. set off all of this nonsense back in 2008, a u.s. retrenchment, as you call it, a slowdown in growth caused by the fiscal cliff, could boomerang around the world and actually push the united states further back? >> there's no question. a self-defeating, downward spiral would begin if the worst effects of the fiscal...
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we're borrowing all of our money from china and other places and they can't believe it. and i can't believe it when i watch what's going on. and you could raise taxes all you want, but it's not going to be enough to solve the problem. the expenditures is really where the costs, are really where we have the big problem. as part of an overall deal, do i mind if my taxes go up? will it affect me? what i want to see is an -- they do a great job on expenditures, i guess he everybody can expect there is going to be a tax increase for a certain group of people. would i be willing to say yes to that? i think the answer is yes, if the expenditures really -- and i mean by a big margin, really go down so that this country could become balanced. we owe $17 trillion as a country. and unless something happens, there is going to be disa catastrophe the likes of which we've never seen. so the leaders have to get together and they have to make the big deal. not a stop gap. i'm watching you this morning and they talk about the little deal, the little deal, there is no little step. it's on
we're borrowing all of our money from china and other places and they can't believe it. and i can't believe it when i watch what's going on. and you could raise taxes all you want, but it's not going to be enough to solve the problem. the expenditures is really where the costs, are really where we have the big problem. as part of an overall deal, do i mind if my taxes go up? will it affect me? what i want to see is an -- they do a great job on expenditures, i guess he everybody can expect there...
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Dec 31, 2012
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fascinating to see china hit a few weeks post leadership changes, first time this year the markets had more than 10% rally there. and the signs of europe's issues being if not resolved, certainly more minimized in terms of stress. so i think we're going tothz a lot clearer signs of powerful rallies coming from the rest of the world in 2013 which will make it somewhat different than 2012 and to some extent the previous two years, as well. >> joe is down in washington wauchg all of this first hand and i know he has a question for you, as well, jim. >> feeling all the different things coming in. >> that must be a real challenge for you being down in d.c. how did you get that straw? >> yeah, it is. i can take it for about 24 hours. i am feeling a lot of what's happening. and in the last 2 1/2 years or so, the poisoned atmosphere down here just to try and do anything is becoming really apparent. we put the sequester because it was so hard to try and do anything last time to force us, now we're not really inclined to do it again. my question, even if we do get a deal, a lot of the extra tax
fascinating to see china hit a few weeks post leadership changes, first time this year the markets had more than 10% rally there. and the signs of europe's issues being if not resolved, certainly more minimized in terms of stress. so i think we're going tothz a lot clearer signs of powerful rallies coming from the rest of the world in 2013 which will make it somewhat different than 2012 and to some extent the previous two years, as well. >> joe is down in washington wauchg all of this...
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. >> china. >> china. >> china. >> china also getting more than a few mentions during the presidential campaign. it's pretty clear china is a competitor and a partner. >> number four, europe, the european union was fractured by too much debt and the austerity plans to fix it. that saga is far from over. >>> number three, the housing market. finally, finally bottomed out. the combination of low home prices and continued record low mortgage rates set off a building and buying spree. well-healed investors began buying entire neighborhoods, but first time buyers were also able to get a home of their own for the first time in years. as long as they had a hefty downpayment. >>> number two. >> cnn projects that barack obama will be re-elected president of the united states. >> the election. more than just about obama and romney. it was about socialism and capitalism. about spending and cutting. about what kind of role government should have in your life. >>> number one is the fiscal cliff. lawmakers saw it coming, but didn't bother to pay any attention to it until after the election. had they
. >> china. >> china. >> china. >> china also getting more than a few mentions during the presidential campaign. it's pretty clear china is a competitor and a partner. >> number four, europe, the european union was fractured by too much debt and the austerity plans to fix it. that saga is far from over. >>> number three, the housing market. finally, finally bottomed out. the combination of low home prices and continued record low mortgage rates set off a...
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Dec 31, 2012
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china ends the year under the sign of growth. manufacturing activity hits its fastest pace in 18 months. but it's been a lackluster pace for markets which hosts a modest return for the year. germany, hong kong manage to outperform. so just where should investors put their money in the new year? we've been asking analysts and economist toes give us their top calls for 2013. >> do you think the u.s. is going to continue to be strong if they can solve the fiscal cliff issues, keep economic indicators up, what they're doing with the job is good, performance is good. asia will take a while, to the end of 2013. we'll see good entrepreneurial activity. that's going to depend on good performance in stocks. >> it will appreciate even with weaker economy or, you know, stagnated economy because there's not much growth to be accepted from all europe, you know, obviously call europe like germany will grow with the global economy here. but at the moment, because of the issues in japan and all the issues in the u.s., euro and particularly euro
china ends the year under the sign of growth. manufacturing activity hits its fastest pace in 18 months. but it's been a lackluster pace for markets which hosts a modest return for the year. germany, hong kong manage to outperform. so just where should investors put their money in the new year? we've been asking analysts and economist toes give us their top calls for 2013. >> do you think the u.s. is going to continue to be strong if they can solve the fiscal cliff issues, keep economic...
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Dec 31, 2012
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. >> china, china, china. >> china also getting more than a few mentions during the presidential campaign. it's pretty clear china is a competitor and a partner. >> number four, europe, the european union was fractured by too much debt and the austerity plans to fix it. that saga is far from over. number three, the housing market. finally finally bottomed out, the combination of low home prices and continued record low mortgage rates set off a building and buying spree. well healed investors began buying entire neighborhoods, but first time buyers were also able to get a home of their own for the first time in years. as long as they had a hefty downpayment. >> number two. >> cnn projects that barack obama will be re-elected president of the united states. >> the election. more than just about obama and romney. it was about socialism and capitalism. about spending and cutting. about what kind of role government should have in your life. >> number one is the fiscal cliff. lawmakers saw it coming, but didn't bother to pay any attention to it, until after the election. had they put politics a
. >> china, china, china. >> china also getting more than a few mentions during the presidential campaign. it's pretty clear china is a competitor and a partner. >> number four, europe, the european union was fractured by too much debt and the austerity plans to fix it. that saga is far from over. number three, the housing market. finally finally bottomed out, the combination of low home prices and continued record low mortgage rates set off a building and buying spree. well...
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Dec 31, 2012
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you're getting from your company years down the road will be taxed at 30%, or would you started in china or indiwhere the capital gains tax rate is zero? many of our major partners have zero capital gains tax rates. if you are an entrepreneur or an investment and growth company, you would rather put your money there than in the unit states in the futur which is really unfortunate. gerri: okay, let's talk about companies a little bit here. these tax rates are critical to growing companies. >> that's absolutely right. apple and microsoft, for example,enefited early on from high income individuals pumping and a few hundred thousand dollars to help those companies get started and grow. those high income people could alternatively put their money in and say tax-free muni bonds. if we raise the capital gains tax rates, which people are going to say, i'd rather put my money in state muni bos. i'm not i am not going to fund these risky growth companies, which would be terrible for the overall economy. gerri: i think your best argument is lower capital gains means more jobs. i think that is appea
you're getting from your company years down the road will be taxed at 30%, or would you started in china or indiwhere the capital gains tax rate is zero? many of our major partners have zero capital gains tax rates. if you are an entrepreneur or an investment and growth company, you would rather put your money there than in the unit states in the futur which is really unfortunate. gerri: okay, let's talk about companies a little bit here. these tax rates are critical to growing companies....
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Dec 30, 2012
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you had hong kong and china open and australia only half a day. so you will get a muted response, but don't for get that we have really got one more day of this, right. there is not going to be a deal tonight, because it is not dramatic enough, and they have to let it go another day, and the markets might get a little bit of a breather, but trust me, as tomorrow goes, and as trading get starts and the day wears on and appears that we are getting nothing, you will start to see the pressure on the market as we move into the end of the day. like i said on the prior show, if we get a band-aid, that is worse than getting actually letting us go over the cliff. >> why? >> because i think that if we go over the cliff, then there is clarity and everybody knows what happens, taxes here and spending there, and the only thing that can happen after that is that it can improve because the legislators will talk about cutting the taxes and raising the spending and standing up to say, what a great job we did and pat themselves on the back. if we get a band-aid, al
you had hong kong and china open and australia only half a day. so you will get a muted response, but don't for get that we have really got one more day of this, right. there is not going to be a deal tonight, because it is not dramatic enough, and they have to let it go another day, and the markets might get a little bit of a breather, but trust me, as tomorrow goes, and as trading get starts and the day wears on and appears that we are getting nothing, you will start to see the pressure on...
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Dec 30, 2012
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china is going to be okay. they are not suffering stagflation like the rest of the world is, which means runaway prices and slow growth. they will see the ripple effect from all these other countries. >> gregg: as keynesian theory ever worked ever in the long run? >> what printing money does it tries to squeeze up credit but you rarely see growth of it. so the printing of money, constant print can of money around the world we haven't seen it work. i don't think it's going to work. it will do one thing, raise the prices everything we spend money on today. >> gregg: good to is a you. >> arthel: and if all that doesn't work, you play the lottery. california alone raking $4.8 billion in 2012. what are the odds of that in such a fragile economy. bringing in claudia kalan with the story. >> you are right. it's not just california. in states across the country, lottery sales were thriving in 2012. according to the experts it has a lot to do with the state of the economy. >> are you going to walk away with it? >> even
china is going to be okay. they are not suffering stagflation like the rest of the world is, which means runaway prices and slow growth. they will see the ripple effect from all these other countries. >> gregg: as keynesian theory ever worked ever in the long run? >> what printing money does it tries to squeeze up credit but you rarely see growth of it. so the printing of money, constant print can of money around the world we haven't seen it work. i don't think it's going to work....
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Dec 30, 2012
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china, cutting its growth forecasts, india doing the same. the last thing anyone on the world stage needs right now is for the u.s. to start sliding back into recession. but you know, let's be clear here. that's, that would take some time. there would still be time for some kind of a deal. but it's the uncertainty that is really driving everybody's nerves in all of this. it's going to affect commodity prices in countries like brazil. countries like russia, everybody is in this together. waiting to see what happens up there. >> you're absolutely right. we're going to be watching those international markets to see how everybody is reacting. it's this whole big chain, jim, thank you for that back home, the senate is still trying to work towards a deal as jessica just told us, senator harry reid earlier said that he is in fact hopeful about reaching a deal. listen. >> with 36 hours left until the country goes over the cliff, i remain hopeful but realistic about the prospects of reaching a bipartisan agreement. at some point in the negotiating pro
china, cutting its growth forecasts, india doing the same. the last thing anyone on the world stage needs right now is for the u.s. to start sliding back into recession. but you know, let's be clear here. that's, that would take some time. there would still be time for some kind of a deal. but it's the uncertainty that is really driving everybody's nerves in all of this. it's going to affect commodity prices in countries like brazil. countries like russia, everybody is in this together. waiting...
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. >> richard nixon said when he went to china with you of course in '72, the week he was there, he said this is the week that changed the world. >> he was right. >> well those were some of the tough decisions we wanted to analyze. do you agree with the choices these people made? what are the toughest decisions you have made? join in the conversation online. #toughdecisions on twitter. we'll highlight the most interesting ones on our website. thank you for joining us tonight. we hope your decision to watch our show was not a tough one. >> you are in the cnn news room, i'm martin savidge, in this weekend for fredricka witfield. this hour and throughout the day we're following breaking developments on a story that affects every single american. yes i'm talking about the fiscal cliff. hello, good to be with you. we are just two days now remaining that is, until the countdown clock and the pressure is mounting on lawmakers to get a deal done. both houses of congress are back in session this sunday ready to vote on a plan that senate leaders are trying to hammer out right now. if a deal isn't
. >> richard nixon said when he went to china with you of course in '72, the week he was there, he said this is the week that changed the world. >> he was right. >> well those were some of the tough decisions we wanted to analyze. do you agree with the choices these people made? what are the toughest decisions you have made? join in the conversation online. #toughdecisions on twitter. we'll highlight the most interesting ones on our website. thank you for joining us tonight....
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Dec 30, 2012
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if steve jobs was born in china, he would not even have a garage. we do not do enough for the people of this country or the people in a position to create jobs. data reinvest and i do not think that they should get tax breaks. creating jobs here, not overseas. host: joshua gordon? guest: i think a part of your frustration, many talk about fixing it in a mutual way. which had nothing to the deficit discussion and does not help to make lowering the deficits any easier. there are some things we need to change. in general we need to realize that if we set the country on the right path and make the right investments in technology and education, making sure we do not cut the necessary programs to do the growth, you have to make that a priority. we will be able to grow with the global economy. manufacturing has already come back to some degree. i know that apple is moving a couple of production facilities back to the united states from china. the real key is making sure that we are continuing to invest in those kinds of investments. we should also realize
if steve jobs was born in china, he would not even have a garage. we do not do enough for the people of this country or the people in a position to create jobs. data reinvest and i do not think that they should get tax breaks. creating jobs here, not overseas. host: joshua gordon? guest: i think a part of your frustration, many talk about fixing it in a mutual way. which had nothing to the deficit discussion and does not help to make lowering the deficits any easier. there are some things we...
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they would lean toward china. trouble was how to contact a regime whose very existence the united states denied? >> we came up with the idea that our ambassador in warsaw should walk up to the chinese ambassador at the next social event in which they were both present and ask for a meeting and say we wanted to talk. >> this was like a spy thriller. >> absolutely. so there was a yugoslav fashion show and they were both there. our ambassador walked over to the chinese and our ambassador chased him down the hallway and finally cornered him long enough to say we wanted to talk. two weeks later a chinese car flying the chinese flag arrived at our embassy and brings the ambassador saying, okay, i'm ready to talk. >> but the meetings met with little progress. in the summer of 1969 with lower bureaucratic channels broken down kissinger and nixon devised a plan to go straight to the top, right to chairman mao. during a trip to pakistan they asked the president to arrange the china connection. >> nothing happened for six mo
they would lean toward china. trouble was how to contact a regime whose very existence the united states denied? >> we came up with the idea that our ambassador in warsaw should walk up to the chinese ambassador at the next social event in which they were both present and ask for a meeting and say we wanted to talk. >> this was like a spy thriller. >> absolutely. so there was a yugoslav fashion show and they were both there. our ambassador walked over to the chinese and our...
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he needs to do break-out things in foreign affair, improving relations between the united states and china. trading relationships that are more favorable to the u.s. he may raise the specter of climate issue. it is not a good one when you are running for office. but it may look good in history, 50 years from now. trying to, you know, post sandy, how do you get your hand on working on this problem in a global way? i think you will see him use executive orders more and more. i doubt you will get the outstanding legislative second-term agend a. there is too much gridlock. he wants to get obamacare if place. he cannot afford in history to have that thwarted, his signature domestic achievement. >> shannon: we can't read their minds, how much does the legacy impact the presidents in their second term? >> gigantic. they all read presidential biographies, that's a hobby. they start to imagine how people are going to look at them. a field that i write on, conservation. bill clinton was showed a note card, theodore roosevelt's national parks and it had another car card with bill clinton and had two.
he needs to do break-out things in foreign affair, improving relations between the united states and china. trading relationships that are more favorable to the u.s. he may raise the specter of climate issue. it is not a good one when you are running for office. but it may look good in history, 50 years from now. trying to, you know, post sandy, how do you get your hand on working on this problem in a global way? i think you will see him use executive orders more and more. i doubt you will get...
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for the ice festival in china is one of the largest international ice festivals. also in norway, canada, japan. thousands of visitors expected. >> what started for a joke and arkansas. it started making snow angels in her bathing suit. no, she is making it a habit. now, she says that it is a habit. >> of our whole life is mostly a joke. and it is great!! >> and she says that in the heat of the moment she does not notice. she is only on the ground for a few moments and then goes inside for a hot bath. 8:57 taking a quick look outside this san francisco our roof cam. that stev steam -- that steve look at that steve we will be right back. steam >>> thanks for tuning in to our second hour of kron 4 news weekend.this sunday, december 30th. i'm j-r stone. joe? >> good morning, j.r. janu.... >> :we will see the temperatures with possible shower activity. with 30's hugging the coast. >>> some of the stories we're morning.dozens are displaced following an apartment fire in san francisco's mission district. and.a candlelight vigil is held for a man killed when fire on him e
for the ice festival in china is one of the largest international ice festivals. also in norway, canada, japan. thousands of visitors expected. >> what started for a joke and arkansas. it started making snow angels in her bathing suit. no, she is making it a habit. now, she says that it is a habit. >> of our whole life is mostly a joke. and it is great!! >> and she says that in the heat of the moment she does not notice. she is only on the ground for a few moments and then...
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as far as china is concerned we do not hit that high of a tariff on their imports. i believe it is a lot higher. the whole thing was steve jobs. he treated the apple computer in his garage. when he got successful theme of his company over to china giving chinese people jobs. if steve jobs was born in china he would not even be able to create the apple computer. we just do not do enough for the people of this country. the people who are position to create jobs do not reinvest in the country. i do not think they should get tax breaks. if you want to give these corporate giant tax breaks given to those who want to invest in the country and create jobs. for a lower than the american businessmen. guest: i understand your frustration. part of it is the corporate tax .ode clearly needs to fix it a lot talk about fixing a and a revenue neutral way. it does not help lowering future deficits any easier. there are some things need to change. in general we need to realize that if we set our country on the bike path making the right investments in -- the right path making invest
as far as china is concerned we do not hit that high of a tariff on their imports. i believe it is a lot higher. the whole thing was steve jobs. he treated the apple computer in his garage. when he got successful theme of his company over to china giving chinese people jobs. if steve jobs was born in china he would not even be able to create the apple computer. we just do not do enough for the people of this country. the people who are position to create jobs do not reinvest in the country. i...
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Dec 30, 2012
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as far as china is concerned, we don't tariff, we don't put that high of a tariff on their imports but yet i don't know the exact numbers but i believe it's a lot higher that they tax our imports in their country. and the whole thing with jobs. he created the apple scommuret in california in his garage but yet when he got successful he moves all his company over to china, giving chinese people jobs. if steve jobs was born in china he wouldn't even have a garage therefore he wouldn't be able to create the apple computer. so i just think we just don't do enough for the people of this country. and the people who are in position to create jobs and do this do not reinvest in the country. therefore i don't think they should get tax breaks. if you want to give these corporate giants tax breaks then give it to those who want to invest in the country, who want to create jobs here, not overcease, and they think try to think of ways to get their money over there into here lower than say the american businessman paying 35%. guest: i mean, i understand your frustration. i think part of it is that t
as far as china is concerned, we don't tariff, we don't put that high of a tariff on their imports but yet i don't know the exact numbers but i believe it's a lot higher that they tax our imports in their country. and the whole thing with jobs. he created the apple scommuret in california in his garage but yet when he got successful he moves all his company over to china, giving chinese people jobs. if steve jobs was born in china he wouldn't even have a garage therefore he wouldn't be able to...
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china, a blizzard slamming inner mongol -- mongolia. the storm started yesterday and dumping three feet of snow by this morning. the temperatures are expected to plummet over the next two days. japan, the newly installed prime minister is taking a tour of the fukushima nuclear plant. a massive earthquake devastated the place in 2011. they are considering plans to phase-out the atomic energy altogether over the next several decades. spain, a flower in the face. it is the annual flower fight using eggs and firecrackers and flour. and it is a day marking the innocence, spain's equivalence of april fool's. it is this fox trip around the world in 80 seconds. >>> a french constitutional panel is saying goodbye to that country's staggering 75% tax rate on the wealthy. the panel has ruled the tax is unconstitutional and unfair. let me say it again. 75% on the wealthy. it was set to kick in at the start of 2013 and will hit anyone hitting a million euros. critics didn't like it. they said it would drive away france's wealthy population. joining
china, a blizzard slamming inner mongol -- mongolia. the storm started yesterday and dumping three feet of snow by this morning. the temperatures are expected to plummet over the next two days. japan, the newly installed prime minister is taking a tour of the fukushima nuclear plant. a massive earthquake devastated the place in 2011. they are considering plans to phase-out the atomic energy altogether over the next several decades. spain, a flower in the face. it is the annual flower fight...
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china, a blizzard slamming inner mongol -- mongolia. the storm started yesterday and dumping three feet of snow by this morning. the temperatures are expected to plummet over the next two days. japan, the newly installed prime minister is taking a tour of the fukushima nuclear plant. a massive earthquake devastated the place in 2011. they are considering plans to phase-out the atomic energy altogether over the next several decades. spain, a flower in the face. it is the annual flower fight using eggs and firecrackers and flour. and it is a day marking the innocence, spain's equivalence of april fool's. it is this fox trip around the world in 80 seconds. >>> a french constitutional panel is saying goodbye to that country's staggering 75% tax rate on the wealthy. the panel has ruled the tax is unconstitutional and unfair. let me say it again. 75% on the wealthy. it was set to kick in at the start of 2013 and will hit anyone hitting a million euros. critics didn't like it. they said it would drive away france's wealthy population. joining
china, a blizzard slamming inner mongol -- mongolia. the storm started yesterday and dumping three feet of snow by this morning. the temperatures are expected to plummet over the next two days. japan, the newly installed prime minister is taking a tour of the fukushima nuclear plant. a massive earthquake devastated the place in 2011. they are considering plans to phase-out the atomic energy altogether over the next several decades. spain, a flower in the face. it is the annual flower fight...
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Dec 29, 2012
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FBC
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we are basically funding wh that the debt china military. thank you. i appreciate you coming on. well, forget the fiscal cliff. washington might be sending cows off a cliff. copd makes it hard to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to hp significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers fosudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking advair. if you're still having difficulty breathing, ask your doctor if including advair could help improve your lung function. get your first full prescription free and save on refills at adircopd.com. i don't have to leave my de and get up and go to the
we are basically funding wh that the debt china military. thank you. i appreciate you coming on. well, forget the fiscal cliff. washington might be sending cows off a cliff. copd makes it hard to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to hp significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung...
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and the other with bush xliii and we passed nafta on the bipartisan basis and trade relations with china on a bipartisan basis, and i'm sorry, i can't accept this business about how the economy is so terrible and we have to act bipartisan. we have to be where the two parties can talk to each other and where the house leadership say it's my way or the highway and if we get 215 votes on my side, that's just wrong. >> go ahead, david. >> i've dealt with the speaker and that's a fundamental enter prettiation. so when the bills pass, there is a lot of support. at one point the speaker and the were are a whole lot of money to us, but in the grand scheme of things it wasn't. what happened? >> they were all ready to have this dole and the president decided to up the amount of revenue he wanted by 400 million. the speaker was clear about what he could do and not do and at the last minute the president decided to change it. that is not my interpretation. >> what happened is the speaker has left 40 or 50 republicans, tea party, radical right-wing republicans have a veto power over everything, even
and the other with bush xliii and we passed nafta on the bipartisan basis and trade relations with china on a bipartisan basis, and i'm sorry, i can't accept this business about how the economy is so terrible and we have to act bipartisan. we have to be where the two parties can talk to each other and where the house leadership say it's my way or the highway and if we get 215 votes on my side, that's just wrong. >> go ahead, david. >> i've dealt with the speaker and that's a...
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Dec 29, 2012
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china is not a testimony democracy. they have a centralized government and what they're watching is some of the confusion that exists in democracy. democracy has a lot of advantages, but making decisions quickly is not one of them. >> all right. how about treasury secretary tim geithner? he says we are about to hit that debt ceiling, the legal limit at which a country can borrow money to pay its bills. and that has as much effect on markets as the cliff, correct? >> absolutely. and maybe even more. because the worst thing that could happen is that we stop paying our bills. the world is willing to give us money to help us pay our bills, the world is willing to accept a lot of things. but if the u.s. government stops paying its bills because it has hit the debt ceiling, that could be disastrous. that would mean clearly an entry into a recession and a lot of unemployment. because that would cause the faith and credit of the u.s. to be put in jeopardy. >> thank you very much for talking to us. and as demonstrated, the fisca
china is not a testimony democracy. they have a centralized government and what they're watching is some of the confusion that exists in democracy. democracy has a lot of advantages, but making decisions quickly is not one of them. >> all right. how about treasury secretary tim geithner? he says we are about to hit that debt ceiling, the legal limit at which a country can borrow money to pay its bills. and that has as much effect on markets as the cliff, correct? >> absolutely. and...
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Dec 29, 2012
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china has bottomed, europe has stabilized so there are some things in place that can help offset these additional taxes and cuts to government spending. >> now, you mentioned two years ago shall the spending cuts, the fiscal cliff, it was designed to force washington to deal with the nation's long-term debt problem. and instead, here we are, a final hour, who knows what will happen next and i want to specifically ask you about the lack of progress on those structural issues like entitlement spending because even the plan c isn't touching that. so that means regardless of what happens before january 1st, investors will then be dealing with a certain degree of political risk long-term after the fiscal cliff deadline has passed. so, how will that affect the market on the economy in terms of spending cuts? >> well, my fear is that the compromise will be that we get the tax increases and they postpone the spending cuts and that's the ultimate objective. >> yes he. >> and you know, that is something that the economy will recover from and something will adjust to. remember, about half of the
china has bottomed, europe has stabilized so there are some things in place that can help offset these additional taxes and cuts to government spending. >> now, you mentioned two years ago shall the spending cuts, the fiscal cliff, it was designed to force washington to deal with the nation's long-term debt problem. and instead, here we are, a final hour, who knows what will happen next and i want to specifically ask you about the lack of progress on those structural issues like...
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times" has a story on how china's tea farmers are now turning to coffee. why? coffee thrives in high altitude areas and commands as much as three times as much money as tea. >>> also "the spectrum" in st. george, utah has a story titled "unconventional laws." it's an article about how some state laws may seem strange to many residents. one that mandates bicycle riders should keep one hand on the handle bars at all times or get this you could face 90 days in jail or a fine of up to $750. >>> well, three days now to go. you've been hearing about this fiscal cliff. i know you're tired of hearing of it. you've got three more days to hear of it. we might be going off that cliff here shortly. it's the focus right now in d.c. but it's also our focus, the senate in particular. majority leader harry reid and minority leader mitch mcconnell are rushing trying to put together a last-ditch agreement for a bargain, some kind of a bipartisan bargain. joining me right now political editor for the pbs news hour and white house reporter for the "washington post." hello to you b
times" has a story on how china's tea farmers are now turning to coffee. why? coffee thrives in high altitude areas and commands as much as three times as much money as tea. >>> also "the spectrum" in st. george, utah has a story titled "unconventional laws." it's an article about how some state laws may seem strange to many residents. one that mandates bicycle riders should keep one hand on the handle bars at all times or get this you could face 90 days in...
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takes this plodding economy into possibly an economy that's doing quite badly in a world, martin, where china is doing not as well, brazil isn't, india, europe's at a standstill. we can't afford this. it's that intangible that's more serious than how much you pay in taxes in 2013. >> before you go, how do you think the markets refact there's a stopgap measure? are they going to fear that more than if there was a permanent deal? >> markets hate uncertainty. that's the one thing. if we've got a stopgap measure, do we have a sense of when it will be resolved? some say go over the cliff, let's see what that looks like. i'd bo worried about that. we had a drop-off in the market on friday and that's about investors being uncertain about monday morning. i'll keep my eyes close to the markets on sunday night when asian markets open and monday when we have a shortened trading day. if washington doesn't get its act together, the investors may send a strong message to washington to do something. >> ali velshi, thank you. >>> you can learn more about the fiscal cliff and other issues that are affecting y
takes this plodding economy into possibly an economy that's doing quite badly in a world, martin, where china is doing not as well, brazil isn't, india, europe's at a standstill. we can't afford this. it's that intangible that's more serious than how much you pay in taxes in 2013. >> before you go, how do you think the markets refact there's a stopgap measure? are they going to fear that more than if there was a permanent deal? >> markets hate uncertainty. that's the one thing. if...
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all of those jobs will come back from china because the dollar will not be worth. that is what is it is a bout. host: on the front page of "the financial times." we also have a tweet. this is what the senate minority leader said yesterday on the floor after his meeting at the white house. [video clip] >> i share the view of the majority leader. we had a good meeting at the white house. we are engaged in discussions, the majority leader and myself a in the hopes that we can come forward as early as sunday and have a recommendation that i can make to my conference and the majority leader can make to his conference. we will be working hard to try to see if we can get there in the next 24 hours. i am hopeful and optimistic. >> we are talking about the senate negotiating a fiscal could deal on -- but one of the stories of in the paper comes from the baltimore sun with the president of in there headline saying the president modestly optimistic. let's see what the thoughts are of the viewers and listeners this morning. pamela from new jersey on the line for democrats. are
all of those jobs will come back from china because the dollar will not be worth. that is what is it is a bout. host: on the front page of "the financial times." we also have a tweet. this is what the senate minority leader said yesterday on the floor after his meeting at the white house. [video clip] >> i share the view of the majority leader. we had a good meeting at the white house. we are engaged in discussions, the majority leader and myself a in the hopes that we can come...
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we are basically funding with that the debt china military. thank you. i appreciate you coming on. well, forget the fiscal cliff. washington might be sending cows off a cliff. want to know what i did in the last five hours? i played a round of golf. then i read a book while teaching myself how to play guitar; ran ten miles while knitting myself a sweater; jumped out of a plane. finally, i became a ping pong master while recording my debut album. how u ask? with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. time for citi price rewind. because your daughter really wants that pk castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. ♪ tom: washington still fighting over the debt deal. farmers are worried abou
we are basically funding with that the debt china military. thank you. i appreciate you coming on. well, forget the fiscal cliff. washington might be sending cows off a cliff. want to know what i did in the last five hours? i played a round of golf. then i read a book while teaching myself how to play guitar; ran ten miles while knitting myself a sweater; jumped out of a plane. finally, i became a ping pong master while recording my debut album. how u ask? with 5-hour energy. i get hours of...